Friday, August 13, 2010

higher prices

looks like the freaky weather worldwide these past few months is going to impact us directly after all. :(

wheat: increase of 50% since june
sugar: increase of 26% in 3 months
coffee: increase of 20% also in 3 months
soya: increase of 8% within the same period

while suppliers are currently reluctant to increase prices, if the higher prices persist for another 3 to 6 months, the effect will eventually feed into retail prices. not a very welcome development considering the state of the world's economy.

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